Something about history repeating itslelf

CNN/Money has an article under a tab called "Power Packed Muscle Cars Come Roaring Back" which takes you to this article. What I love about this is somewhere some executive at Ford said, "SUV sales are declining, gas is pushing $3 a barrel, everyone's clamoring about the need to rely less on foreign oil, and people aren't buying cars. What should we do?" And some genius yelled, "MUSCLE CARS!!!"

Amazing. Didn't this happen in the 70's? Japan focused on mileage and utility, and Detroit kept producing bigger gas guzzlers. Does Detroit not study history? Do they ignore market trends? SUV sales are falling, and Detroit throws up even less useful gas hogs. At least SUV's hold lots of people and things. But muscle cars? Just what every family needs, a low-milage, low-utility vehicle. Normally, I would just note the raw stupidity of these execs, but I also remember the taxpayer funded bail-outs that came afterwards. Its one thing to let businesses make bad decisions and suffer the consequences, but its another when businesses make bad decisions and taxpayers have to suffer. And thats the other part of history that seems doomed to repeat itself.